Rectangle Pattern on H4! EURUSD 20-24 December 2021The FED announced that it will hike interest rates three times next year. The ECB has done the opposite saying that interest hikes are unlikely though it will monitor inflation closely. The bulls have been exhausted, it is time for the bears to push the rate lower.
Rectanglebreak
ABT to break out?* Strong up trend
* Consolidating since beginning of 2021
* Strong earnings
* Lower than average volume
All signs point to it breaking out soon. Due to the lack in volume ABT may visit the $126 area before breaking out.
Trade idea:
* Wait for a break before entering
* Look for an entry around $126 for a discount
Target after breakout would be $151.65
Looking at its growth, ABT is a great long term hold that pays out dividends!
IR broke out of consolidation* Strong earnings quarter over quarter
* General up trending
* Trading at higher than average volume
* Potential to give +16% ROI
Trade Idea:
* If you're looking for a discount look for buying opportunities around $51.61
* This is trading at higher than average volume so there are chances that it may continue going up. If you're not so much of a discount person, getting in now would be ideal.
PPD to continue higher* Relatively young
* Steady up trend
* Strong earnings
* Breaking out of a 4 month consolidation
* Breaking out with higher than average volume
Trade Idea:
* This is a great time to buy PPD as it's still close to the broken resistance and its 10EMA
REXR to continue higher!* Strong earnings quarter over quarter
* Strong up trend since inception
* Consolidated for a month after a move higher
* Retested the broken level as support with higher volume than average
Trade Idea:
* This would be a great time to enter a trade
* Or if you're looking for a discount, you can look for buying opportunities around the $61.70 area
SBNY breaking out* Relatively stable earnings
* Strong up trend since November 2020
* Breaking out of a 5 month consolidation
* Breaking out with higher than average volume
Trade idea:
* $260.37 should hold as support so you can look for buying opportunities there
* Or if you're not looking for a discount, you can jump in now and ride the next leg higher.
Be sure to place some distance between you stop due to market volatility these days.
ETHUSD | Entry On Pull Back To The Mean | EMA | Pin BarEntry comes after the pin bar form on rectangle resistance turned support at price level 2133.07. Resistance level turned support has four or more touches. Closing price of pin bar is near the price value of exponential moving averages. EMA s are pointing up which indicates an up trend.
Exponential Moving Average Period 10: 2119.21
Exponential Moving Average Period 20: 2096.45
Closing Price of Pin Bar: 2133.08
Trend: Up Trend
Level: Horizontal Support Resistance, Exponential Moving Average Period 10, Exponential Moving Average Period 20, Dynamic Support Resistance
Signal: Pin Bar
Pattern: Rectangle
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Price and Time of Candle